LAKE COUNTY, Fla. — Lake County is taking a look at the potential for getting concerned within the cryptocurrency enterprise.
County employees are exploring how the county may settle for Bitcoin for fee of charges, and the potential for the county making its personal cryptocurrency.
Most individuals Channel 9 spoke with stated they use an old style checkbook or a bank card to pay for charges, so paying by cryptocurrency isn’t one thing they’d considered earlier than.
Cash saved with a financial institution backed by the federal government might be despatched from the financial institution to a enterprise or one other individual, however cryptocurrency is altering that, a minimum of for some.
What many individuals might not understand is cryptocurrencies like Bitcoin aren’t one thing bodily in your hand, it’s a digital type of cash not saved with a central financial institution. Transactions are recorded on a community of computer systems all around the world.
House owners pays electronically on to others with out utilizing a financial institution as a go-between.
“You recognize, Gen Z and millennials are utilizing it fairly ubiquitously; now are utilizing it extra typically, a minimum of,” Lake County Fee Chairman Sean Parks stated.
That’s why Parks is pushing county employees to look into accepting Bitcoin as a type of fee for charges on varied county companies.
He believes it might attraction to the youthful era, particularly these beginning small companies.
“And it might actually ship a sign that we’re eager to be extra business-friendly, and that we’re fascinated with the subsequent era,” Parks stated.
He’d additionally just like the county to take a look at creating its personal “coin,” a Lake County digital foreign money, like town of Miami has completed. He says it may usher in cash to the county every time somebody makes a transaction utilizing it.
Parks says he desires it to begin out as a pilot program, with charges for issues like permits and library charges, after which develop if profitable.